Bitcoin’s price continues to the flounder around the $10,000 area. Josh Rager believes that BTC’s price could plummet back to $8,000 in light of certain long-term indicators. The altcoin markets are enduring yet another day in the red. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
Bitcoin’s daily price movement continues to be lacklustre as it has been for the past couple of weeks. BTC’s trading has continued within a continuously tight channel with a break out appearing to be imminent. As per data from CoinMarketCap, bitcoin’s price did briefly break through the $10,200 support yesterday but has since fallen.
At the time of writing, bitcoin is up by a modest 0.89% and trading at $10,175.36 as per figures from CoinMarketCap.
According to analysts, bitcoin has entered into another phase of consolidation around the $10,000 area where it has been trading following a weak Asian session and an uneventful week. Notably, BTC’s daily volume has begun falling again and is currently back at $14 billion.
(Trading at $10,175.36 at 14:00 12 September 2019)
Latest Ethereum (ETH) news and prices
Spanish banking giant Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue.
Revealed Thursday, the company not only used a token on ethereum to represent the $20 million debt issuance but settled it with another set of ERC-20 tokens representing cash held in a custody account.
To understand why that’s important, imagine asking someone a question on WhatsApp and waiting for them to mail a postcard with the answer. That’s what it’s like to issue securities on a blockchain while settling the cash side of the trade through the analog legacy system. But Santander, in this analogy, conducted both parts of the conversation digitally.
(Trading at $178.92 at 14:00 12 September 2019)
Latest Ripple (XRP) news and prices
This week, XRP price made another attempt to climb above the $0.2650 resistance against the US Dollar. The price failed to remain in the positive zone above $0.2650 and later started a fresh decline. The bulls failed to keep the price above the $0.2600 level and the 100 hourly simple moving average. Ripple is struggling and is trading well below the $0.2580 level.
(Trading at $0.254261 at 14:00 12 September 2019)
In California, cryptocurrency payments are making headway in the cannabis industry as Berkeley City Councilmember Ben Bartlett became the first elected official to purchase cannabis using a digital asset. On Tuesday, Bartlett utilized bitcoin cash (BCH) and Cred’s LBA token to facilitate the transaction at the Ohana Cannabis dispensary in Emeryville.
(Trading at $297.31 at 14:00 12 September 2019)
Litecoin (LTC) news and prices
Litecoin price is trading between the simple moving average support and resistance. The visible shallow recovery from the losses posted in the last week of August fizzled out shy of the SMA 200 4-hours. An accelerated trendline (dotted) had been providing support, although increasing selling activity pushed Litecoin below it.
(Trading at $69.19 at 14:00 12 September 2019)
Tether (USDT) news and prices
Tether has been relatively conservative with new coin printings, while the switch to the new network is still unfinished. The switch involves Tether’s own wallets and a series of coin burns, but major exchanges are also helping, by being some of the first to switch to the new type of USDT. Binance was the first exchange to move to the ETH-based USDT and offer withdrawals only in the new coin.
(Trading at $1.00 at 14:00 12 September 2019)
EOS news and prices
EOS fell by 0.49% on Wednesday. Following on from a 2.49% fall from Tuesday, EOS ended the day at $3.7614.
A bullish start to the day saw EOS rise to an early morning intraday high $3.8227 before hitting reverse.
Falling short of the first major resistance level at $3.9163, EOS slid to a late afternoon intraday low $3.6503.
The pull-back saw EOS slide through the first major support level at $3.6559 before finding support from the broader market.
(Trading at $3.68 at 14:00 12 September 2019)
Binance Coin (BNB) news and prices
Binance coin lost 50% of its value in two and a half months and became one of the worst-performing coins out of top-20.
Notably, the cost of the proprietary cost of cryptocurrency exchange Binance dropped below $20.00 after the company announced the list of assets to be available on the US-based platform. At the time of writing, BNB/USD is changing hands at $20.21, however, despite the recovery, the coin is still down 5% on a day-on-day basis. THis is the lowest level since May 2019.
(Trading at $20.74 at 14:00 12 September 2019)
Bitcoin SV (BSV) news and prices
The Bitcoin SV (BSV) community has never been busier, with developers, merchants and consumers turning to BSV in increasing numbers. In the latest episode of Bitcoin Vision, founding president of the Bitcoin Association Jimmy Nguyen discussed some of the most exciting developments in the world of BSV, including an important update on the 2nd Bitcoin SV Virtual Hackathon.
Run virtually in August, the Hackathon was organized by blockchain research firm nChain, and sponsored by CoinGeek. The response to the event was overwhelming, with applications from teams spanning no fewer than 35 countries globally.
(Trading at $117.77 at 14:00 12 September 2019)
Monero (XMR) news and prices
The bear action is in full swing mode at least for Monero. With declines rising as high as 3% during the Asian trading session on Thursday, XMR is the leader among the biggest losers. After opening the session at $74.2199, the bears thrust Monero further down to lows around $71.97. The high formed at $74.44 immediately after the opening session is now in the rearview as the crypto seeks to explore more of the downside.
(Trading at $72.52 at 14:00 12 September 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
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